22-Suite Hotel with Rooftop
New
For Sale
$25,000,000
524 Ocean Dr, Miami Beach, FL 33139
Commercial Sale, Miami Beach, FL
Property SizeContact for details
Lot Size0.14 Acres
Days on Market3
Property Features for 524 Ocean Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6503
Parking features
On Street, Valet
Lot features
Flood Zone
Subdivision
42
Standard status
Active
APN
02-42-03-002-0050
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FRIEDMAN & COPES SUB PB 4-83 BEG 1.38FTNE OF NE COR LOT 3 W 133.5FT SW50FT E133.49FT NE50 FT TO POB LESS ELY15FT BLK 2 LOT SIZE 51.000 X 118
Tax Annual Amount
120421
Legal Description
FRIEDMAN & COPES SUB PB 4-83 BEG 1.38FTNE OF NE COR LOT 3 W 133.5FT SW50FT E133.49FT NE50 FT TO POB LESS ELY15FT BLK 2 LOT SIZE 51.000 X 118
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Water front features
Ocean Access, Ocean Front
Water front
1
Building Details
Year built
1993
Floors in Building
5
Number of units
22
Flooring type
Slate, Marble
Building materials
Block
Roof type
Concrete
Listing Agency:
One Sotheby's International Realty
(305) 538-9711
Listed By:
Susan Gale · License #0394993
(305) 695-4253
Added: Oct 29
Last Checked: Oct 31 at 1:06AM
MLS# A12113598
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Miami Beach hotel contains 22 suites: 15 one- and two-bedroom units and 7 studios. Kitchenettes are provided in the one- and two-bedroom suites, with balconies in some. A restaurant and bar are part of the property, along with a rooftop swimming pool and sun deck. The building dates to 1993 and has block construction, slate and marble flooring, central air conditioning, and central electric heating.
At 524 Ocean Dr, the hotel occupies an oceanfront site with ocean access. The rooftop recreation area faces Lummus Park and the ocean. Public water and sewer serve the property, and parking options include on-street parking and valet service.
At 524 Ocean Dr, the hotel occupies an oceanfront site with ocean access. The rooftop recreation area faces Lummus Park and the ocean. Public water and sewer serve the property, and parking options include on-street parking and valet service.
Key Highlights
- 22‑suite hotel with 15 one- and two‑bedroom suites and 7 studios
- Oceanfront property with ocean access at 524 Ocean Dr
- Rooftop swimming pool and sun deck overlooking Lummus Park and the ocean
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Hotel - Guest accommodations include kitchenettes, and some suites have balconies.
Where is this hotel located?
The property is located at 524 Ocean Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: 22‑suite hotel with 15 one- and two‑bedroom suites and 7 studios; Oceanfront property with ocean access at 524 Ocean Dr; Rooftop swimming pool and sun deck overlooking Lummus Park and the ocean
